Smart Meter Penny Stock Below Rs 15: Company to Execute Rs 314 Crore Smart Prepaid Metering Project in Punjab under RDSS

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Smart Meter Penny Stock Below Rs 15: Company to Execute Rs 314 Crore Smart Prepaid Metering Project in Punjab under RDSS

The stock is up 34 per cent from its 52-week low of Rs 7.69 per share and gave multibagger returns of 140 per cent in 5 years.

SEPC Limited (NSE: SEPC | BSE: 532945) has secured a Letter of Intent from Telecommunications Consultants India Limited (TCIL) for a significant Smart Prepaid Metering project in Punjab’s Central Zone. Valued at approximately ₹313.96 crore, the project is part of the Revamped Distribution Sector Scheme (RDSS) and will be executed on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis. Working in consortium with Adya Smart Metering Private Limited, SEPC will manage the design, deployment, and long-term maintenance of advanced metering infrastructure for Punjab State Power Corporation Limited (PSPCL).

This contract enhances SEPC’s Order Book and diversifies its portfolio within the power distribution and digital infrastructure sectors. The adoption of the DBFOOT model provides the company with improved long-term revenue visibility, as payments are structured around specific milestones during the post-operational phase. By leveraging sustained public sector investment in power reforms, SEPC continues to expand its footprint in annuity-based projects, positioning itself to capitalize on favorable industry trends and national infrastructure growth.

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About the Company

SEPC Limited (formerly Shriram EPC Limited) is a well-established EPC company offering turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure and Mining sectors. The company specialises in the design, procurement, Construction and commissioning of large and complex infrastructure projects across India. SEPC serves a wide range of clients, including Central and State Government agencies and continues to play a key role in India's infrastructure development

Domestic Institutional Investors (DIIs) own a 14.55 per cent stake in the company and the majority of DIIs are Punjab National Bank (PNB), Central Bank of India, The South Indian Bank and Bank of India (BOI). SPEC has a market cap of over Rs 1,600 crore. The stock is up 34 per cent from its 52-week low of Rs 7.69 per share and gave multibagger returns of 140 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.